About the Secretary

Steven Terner Mnuchin was sworn in as the 77th Secretary of the Treasury on February 13, 2017. As Secretary, Mr. Mnuchin is responsible for the U.S. Treasury, whose mission is to maintain a strong economy, foster economic growth, and create job opportunities by promoting the conditions that enable prosperity at home and abroad.

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TREASURY DIRECTIVE 16-33

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DATE: November 5, 1992

ADMINISTRATIVE EDIT: July 09, 2019

SUBJECT: Recognition of Insurance Covering Tax and Loan Depositaries

1.DELEGATION. By virtue of the authority granted to the Fiscal Assistant Secretary by Treasury Order (TO) 101-05, the authority in 31 Code of Federal Regulations 226.3 and 226.4 to grant, withhold and revoke recognition of the insurance covering Treasury tax and loan depositaries provided by insurance organizations, and to value their assets and liabilities, is delegated to the Commissioner, Bureau of the Fiscal Service. The Commissioner shall be responsible for referring to the Fiscal Assistant Secretary any matter on which action should appropriately be taken by the Fiscal Assistant Secretary.

2.SCOPE. This directive applies to all bureaus, offices, and organizations in the Department of the Treasury, including the offices of inspectors general within the Department.The provisions of this order shall not be construed to interfere with or impede the authorities or independence of the Department’s Inspector General, the Treasury Inspector General for Tax Administration, or the Special Inspector General for the Troubled Asset Relief Program.

3.REDELEGATION. Authority may be redelegated by the Commissioner, Bureau of the Fiscal Service, to subordinate officials.